Merit Medical Systems announced that it has acquired certain products from Argon Medical Devices and Catheter Connections. The combined revenues of the two acquired product lines were approximately $46.0 million in 2016. The transactions were financed with a combination of cash and existing credit facilities, which totaled $48.0 million.
“These product acquisitions broaden Merit’s product offering, expand Merit’s geographic presence, and support our goal of expanding our value proposition to our hospital customers globally,” said Fred P. Lampropoulos, Merit’s Chairman of the Board and Chief Executive Officer. “We intend to sell these products through our existing interventional cardiology sales force.”
Source: Merit Medical Systems